MMAG most traded stocks after announcing lifting of restrictions on bank accounts
KUALA LUMPUR: MMAG Holdings Bhd was the most actively traded stock in early trade on Thursday after restrictions imposed on its bank accounts have been lifted.
On Thursday, MMAG Holdings Bhd emerged as the most actively traded stock during early trade at the Kuala Lumpur market after the restrictions placed on its bank accounts were lifted. By midday, MMAG's share price surged by 12.5% or half a sen, reaching 4.5 sen, with trading volumes surpassing 356 million shares. The stock commenced the day at four sen, climbing as high as 25% to reach an intraday peak of five sen. At the present share price, MMAG's market capitalization amounts to RM87.04 million.
On a year-to-date basis, MMAG's stock has declined by 35.7%. The company disclosed on Wednesday that the restrictions imposed on specific bank accounts related to it and its subsidiaries under the Anti-Money Laundering Act (AMLA) have been lifted. MMAG's filing with Bursa Malaysia revealed that the impacted accounts are no longer subject to the restrictions previously imposed by the Royal Malaysia Police's Anti-Money Laundering Investigation Team.
This development follows the group's prior announcements on March 10 and March 17, 2026, regarding the freezing of the accounts.
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